Once more glorious day of Warrrrr! Bulls support 440.00 Resistance 446.50 Bulls targeting 413.00 Id fill UP and the next Res Bears. Good luck and Bulls only Cookie Trades. Filled Gap Case for Bulls and Bears on the chart. No tradin Monday so, they gona fight today to see who has the last WORD for this week. Hint look at the size of the Bars. Big fellers....
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially...
However, I see a 15% rise to ATH in the S&P 500 FROM HERE! SEPT '22 P Target. Let's see how this plays out. First half of 2022 will see a 15% rise from here regaining previous ATHs into SEPT 2022. From this point I see a capitulation candle (-23%) ENDING THE YEAR NEGATIVE. This is my 2022 forecast for the SPX. 2024 will mark a brand new Bull market.
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially...
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you. Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns ,...
bearish trade set up for the spy that was under heavy pressure into the close last friday breaking below the 200 day moving average and breaking below a local support also showing bearish divergence on the MACD on the daily. just an idea here. shorting the SPY has not worked out for most but with the recent turmoil in the markets sentiment could change if we...
Most probable path. Expecting it to go to ~420 range before deciding upward or further downward movement. It may even go to ~395 range too. Definitely wont happen in straight line. Next FOMC meeting is around 26 March so Feb seems to be sideways and March seems RED. So far my PUTS have been paying decently. Buying PUT on every GREEN days and dumping on RED....
Nice double top on SPY , had the 458 trend line drawn last week. I did play some QQQ calls that went to 600% earlier in the week. Took some puts Thursday and Friday and made 200%. There is a fed meeting Monday. I did swing very small puts into it. Anything can happen though over the week leading up to the FED. Important to hold 440 or we could easily see January...
I have been looking at charts all week and what looked like major rotation from Growth stocks and crypto to "Value" stocks and crypto it appears to now not be the case. MAJOR Supports zones were broken in just about EVERY sector in stocks and just about EVERY crypto out there except $ADAUSD and $LINKUSD which are not far off from breaking their support as...
It would be hard to ignore this double top. However not a big one. Btw a lot of indicators (Squeeze momentum, MACD) are still bullish or neutrals. There is not (for me) enough strength in this sole pattern to short SPY and NDX, but you should think to close your long positions. It reminds me this double top: It could bounce on the support as it could break...
#SPY - Red DOA sniper have been holding strong, we rejected at DOA confluence We're now respecting that double top on the 3rd point 🙌 that i mentioned in voice chat. We should see it follow the trend line and the LL
As with my last chart with the Nasdaq, I believe we will see the same with the S&P. The market is struggling to gain momentum and even experts on CNBC/Bloomberg are finding it hard to encourage investors to "buy the dip" because they too are uncertain. If we compare the reasons for a correction vs continuation of a bull market it goes as follows: Bear Market: -...
-We are bouncing off the cloud here on the daily chart -Also closed below 26-day ema -Now we need conformation for the 9-day break and we will go Full port puts -CPI data on consumer goods will be released next week as well doesn't look too good on my end -Looking to stay below $458.46 -To top it off looking for a break below $442.42
&P500 US Market Index.. Struggling to survive! It is worth noting that the movement of Bitcoin recently "according to my opinion" She has become very sensitive to the movement of this indicator, especially in the recent times. All eyes are on the market opening tomorrow .
16 of the first 18 days of this year, SPY moved in the direction opposite of what US10Y did the previous trading day. I have been using 1/US10Y to get a rough idea of where the market is heading in the next day. The correlation to SPY is immediately obvious upon just visually comparing the 1D candles. If this paradigm holds up, next week will be......
SPY appears to be in an ending diagonal, like many other stocks, including AMD. I expect this to resolve with a double-bottom or a slightly lower low by February 18. After that, SPY will be set to set new ATHs.
The sellers seem to have all the control they need. If they continue to show strength get ready for a bounce to the upside around mid 440s. Many retail traders will be looking to get in here. Around 442 many "big boys" with shorts will begin to defend their short positions by adding more. Should be some solid opportunities both ways.